FX.co ★ GBPJPY H1: Bullish Symmetrical Triangle

According to the chart of H1, GBPJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 214.22/214.96 whereas the upper border goes across 216.04/214.96. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPJPY will breach the upper border to head for 215.36.